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The RealReal (REAL) operates a leading online marketplace for authenticated luxury resale goods, combining expert verification with sustainable commerce practices. This news hub provides investors, analysts, and industry professionals with timely updates on corporate developments shaping the premium secondhand market.
Access official press releases, financial reports, and strategic announcements covering key areas including earnings results, partnership expansions, and sustainability initiatives. Our curated news collection enables efficient tracking of market positioning, operational milestones, and leadership in the luxury resale sector.
All content undergoes rigorous editorial review to ensure accuracy and relevance while maintaining compliance with financial disclosure standards. Bookmark this page for direct access to verified information supporting informed analysis of The RealReal's performance within the evolving circular economy landscape.
The RealReal, Inc. (Nasdaq: REAL) announced a private offering of $250 million in Convertible Senior Notes due 2028, potentially increasing to $287.5 million with an option for initial purchasers. The proceeds will be used for capped call transactions and general corporate purposes. The notes will be convertible into cash, shares, or a combination, and will rank equally with other unsecured debts. The offering is subject to market conditions, and there is no guarantee of completion. The securities will not be registered under the Securities Act and are solely for qualified institutional buyers.
The RealReal (Nasdaq: REAL) reported a 6% year-over-year increase in Gross Merchandise Volume (GMV) for December 2020, with Q1 2021 GMV showing a promising 14% growth. Total revenue for Q4 2020 was $84.6 million, a 10% decline year-over-year, driven by a 16% decrease in consignment and service revenue. Notably, new buyers surged 21% year-over-year. The company also plans to open approximately 10 neighborhood stores by Q2 2021 to enhance customer engagement. However, it ended the quarter with a net loss of $53 million.
The RealReal (Nasdaq: REAL) has announced significant changes to its leadership team, promoting Rati Levesque to President and appointing Karen Katz and Emma Grede to its board, achieving a 60% female representation. Katz, with over 30 years in luxury retail, and Grede, founder of Good American, will enhance the board's diversity and experience. These appointments are part of The RealReal's strategy to reflect its community and drive growth in the evolving resale market. The company, the largest online marketplace for authenticated luxury goods, emphasizes sustainable fashion through its rigorous authentication process.
The RealReal (Nasdaq: REAL) announced that Chief Financial Officer Matt Gustke will participate in three upcoming conferences. These include the Morgan Stanley Technology Conference on March 1, 2021, the Raymond James 2021 Institutional Investors Conference on March 3, 2021, and the BofA Securities 2021 Consumer and Retail Technology Conference on March 9, 2021. The presentations will be available via webcast on The RealReal's investor relations website and will be accessible for replay for a limited time after the live events.
The RealReal (Nasdaq: REAL) will announce its financial results for Q4 and the full year ending December 31, 2020, on February 22, 2021, after market close. A conference call is scheduled for 2:00 PM PT (5:00 PM ET) to discuss the results. Interested parties can join by calling (866) 996-5385 in the U.S. or (270) 215-9574 internationally, with a passcode of 1836039. The event will also be available via live webcast.
The RealReal is the largest online marketplace for authenticated, consigned luxury goods, emphasizing sustainability by supporting the circular economy.
The RealReal announced its 2021 Luxury Consignment Report, revealing significant trends in the luxury resale market. A growing number of consignors, particularly Gen Z and Millennials, increased participation to 35%. Investment pieces and vintage items showed rising resale values, with high-demand bags seeing prices up by 80%. Gucci and Rolex maintained strong positions, with Gucci leading in vintage resale value. Overall, the report emphasizes a shift toward sustainable fashion and the importance of consigning for financial gains in 2021.
The RealReal (Nasdaq: REAL) has reported a business update reflecting ongoing recovery amidst the COVID-19 pandemic. In November, the company recorded a historic surge in new and repeat buyers, with a 24% year-over-year increase in new buyer acquisition. The holiday season saw a roughly 10% year-over-year rise in order volume over a five-day period, despite a 3% overall decline in November GMV due to supply challenges in the Fine Jewelry and Watch category. Key metrics also showed an increase in retail supply units shipped, marking a 51% year-over-year growth.
The RealReal (Nasdaq: REAL), the largest online marketplace for authenticated luxury goods, announced participation in two upcoming conferences. CEO Julie Wainwright and CFO Matt Gustke will present at the Credit Suisse 24th Annual Technology Conference on December 2, 2020. Additionally, Gustke will speak at the UBS Global TMT Conference on December 8, 2020. Both presentations will be available via webcast on The RealReal's investor relations website, along with replay options after the live events.
The RealReal (Nasdaq: REAL) reported Q3 2020 financial results, showing a 17% quarter-over-quarter improvement in Gross Merchandise Volume (GMV) to $245.4 million, though this represents a 3% year-over-year decline. Total revenue was $78.1 million, up 16% Q/Q but down 4% Y/Y. Gross profit improved 18% Q/Q to $49.8 million, but decreased 5% Y/Y. Active buyers increased by 14% Y/Y to 617,269. The company highlighted strength in supply trends and a new partnership with Gucci aimed at promoting sustainability.
The RealReal has launched its largest flagship store on Chicago’s Magnificent Mile, spanning 12,000 square feet and creating 50 local jobs. This store enhances its engagement with the community and promotes sustainable fashion practices. Customers can access a range of services including expert consultations, custom tailoring, and a café with local produce. The store features an extensive collection of luxury goods and aims to support the resale market. The RealReal continues to lead in authenticated luxury consignment, emphasizing a circular economy for fashion.
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